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Judgment Search Results Home > Cases Phrase: state bank of india subsidiary banks act 1959 section 38 acquisition of business of other banks Page 1 of about 1,040 results (0.377 seconds)

Oct 13 2010 (HC)

All India Bank Officers. Vs. State Bank of India and Others.

Court : Madhya Pradesh Jabalpur

..... sections 35(1) and 35(13) of the 1955 act. section 65 of the 1959 act provides that nothing in this regard shall be ..... deemed to affect the provisions of section 35 of the ..... directions and instructions to a subsidiary bank in regard to any of its affairs and business, and that bank shall be bound to comply with the directions and instructions so given. section 36 of the act provides that subsidiary bank shall, if so required by the state bank, act as an agent of the state bank at any place in india. section 38 provides for acquisition of business of other banks. sections 38 (1) and 38 (14) of the 1959 act are pari materia to .....

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Jan 16 1992 (HC)

Commissioner of Income-tax Vs. East India Charitable Trust

Court : Kolkata

Reported in : [1994]206ITR152(Cal)

..... the business of banking (including a co-operative land mortgage bank or a co-operative land development bank): explanation.--in this clause, 'scheduled bank' means the state bank of india constituted under the state bank of india act, 1955 (23 of 1955), a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959) ; a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of the banking companies (acquisition ..... and transfer of undertakings) act, 1980 (40 of 1980), or any other bank being a bank included in the second schedule to the reserve bank of india act .....

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Jul 28 2010 (HC)

Director of Income Tax Vs Acme Educational Society

Court : Delhi

..... the business of banking (including a co-operative land mortgage bank or a co-operative land development bank).explanation.in this clause, "scheduled bank" means the state bank of india constituted under the state bank of india act, 1955 (23 of 1955), a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of the banking companies (acquisition ..... and transfer of undertakings) act, 1980 (40 of 1980), or any other bank being a bank included in the second schedule to the reserve bank of india act .....

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Mar 16 2015 (SC)

M/S Queen's Educational Society Vs. Commr. of Income Tax

Court : Supreme Court of India

..... on the business of banking (including a cooperative land mortgage bank or a cooperative land development bank). explanation.-in this clause, "scheduled bank" means the state bank of india constituted under the state bank of india act, 1955 (23 of 1955), a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of the banking companies (acquisition and ..... transfer of undertakings) act, 1980 (40 of 1980), or any other bank being a bank included in the second schedule to the reserve bank of india act .....

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Oct 08 2010 (HC)

Commissioner of Income-tax Vs. Gurukul Ghatkeswar Trust

Court : Andhra Pradesh

..... the business of banking (including a co-operative land mortgage bank or a co-operative land development bank). explanation. in this clause, "scheduled bank" means the state bank of india constituted under the state bank of india act, 1955 (23 of 1955), a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of the banking companies (acquisition ..... and transfer of undertakings) act, 1980 (40 of 1980), or any other bank being a bank included in the second schedule to the reserve bank of india act .....

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Aug 20 2008 (SC)

Smt. Leelabai Gajanan Pansare and ors. Vs. the Oriental Insurance Co. ...

Court : Supreme Court of India

Reported in : 2009(4)BomCR774; JT2008(9)SC551; 2008(11)SCALE391; (2008)9SCC720; 2008(2)LC1155(SC); 2008(6)Supreme89

..... ,-(i) the state bank of india constituted under the state bank of india act, 1955; (ii) a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959;(iii) a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 or under section 3 of the banking companies (acquisition and transfer of undertaking) act, 1980; or(iv) any other bank, being a scheduled bank as defined in clause (e) of section 2 of the reserve bank of india act, 1934.(2 ..... to the learned counsel, lic could in given circumstances run the business of general ..... is a statutory corporation established under the lic act 1956; that sections 21, 27, 28, 28a and 38 of the said lic act show that lic is under the control of the central government and not parliament. it is further pointed out that under section 6(2)(g) and (h), lic is entitled to run business other than the business of life insurance in certain circumstances. therefore, according .....

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Apr 04 2007 (SC)

Greater Bombay Co-op. Bank Ltd. Vs. United Yarn Tex. Pvt. Ltd. and ors ...

Court : Supreme Court of India

Reported in : AIR2007SC1584; 2007(3)ALT1(SC); [2007]137CompCas63(SC); JT2007(5)SC201; 2007(3)KLT302(SC); 2007(3)MhLj434; 2007(5)SCALE366; (2007)6SCC236; 2007AIRSCW2325; 2007(3)AIRKarR406

..... -a of rbi act deals with collection and furnishing of credit information. in section 45a(a) 'banking company' means a banking company as defined in section 5 of the banking regulation act, 1949 (10 of 1949) and includes the state bank of india, [any subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), any corresponding new bank constituted by section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), and any other financial institution ..... ]; the andhra pradesh co-operative societies act, 1964 [apcs act, 1964]; and the multi-state co-operative societies act, 2002 [mscs act, 2002] transacting the business of banking, do not fall within the meaning of 'banking company' as defined in section 5(c) of the banking regulation act, 1949 [br act]. therefore, the provisions of the recovery of debts due to banks and financial institutions act, 1993 [rdb act] by invoking the doctrine of incorporation ..... more important provisions of the banking regulation act, 1949 ['the br act'] and allied provisions of the reserve bank of india act, 1934 ['the rbi act'] to the co-operative banks in public interest. section 2(10) of the mcs act, 1960 defines 'co-operative bank' to mean a society which is doing the business of banking as defined in clause (b) of sub-section (1) of section 5 of the banking companies act, 1949 and includes any .....

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Nov 30 2012 (HC)

Commissioner of Income Tax Vs. Upendra T. Kapadia

Court : Mumbai

..... the business of banking (including a co-operative land mortgage bank or a cooperative land development bank). explanation- in this clause, "scheduled bank" means the state bank of india constituted under the state bank of india act, 1955 (23 of 1955), a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), or under section 3 of the banking companies (acquisition and ..... transfer of undertakings) act, 1980 (40 of 1980) or any other bank being a bank included in the second schedule to the reserve bank of india act .....

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Mar 27 2003 (HC)

K. Jayaprakash Ram and ors. Etc. Vs. Addl. Director General of Police, ...

Court : Andhra Pradesh

Reported in : 2003(2)ALT(Cri)233; 2003CriLJ2835

..... ., which are doing banking business.27. section 45a of the reserve bank of india reads as under :'in the chapter, unless the context otherwise requires,-- (a) 'banking company' means a banking company as defined in section 5 of the banking regulation act, 1949 (10 of 1949), and includes the state bank of india, any subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), any corresponding new bank constituted by section 3 of the banking companies (acquisition and transfer of undertakings ..... ) act, 1970 (5 of 1970), and any other financial institution notified by the central government in .....

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Feb 10 1970 (SC)

Rustom Cavasjee Cooper Vs. Union of India (Uoi)

Court : Supreme Court of India

Reported in : AIR1970SC564; [1970]40CompCas325(SC); (1970)1SCC248; [1970]3SCR530

..... section 33 of the state bank of india act, 1955, the state bank is entitled to carry on diverse business activities beside banking. similarly the banks subsidiary to the state bank were by section 36 of act 38 of 1959 to act as agents of the state bank, and also to carry on and transact business of banking as defined in section 5(b) of the banking regulation act, 1949, and were also competent to engage in such one or more other forms of business specified in section ..... word 'undertaking' is used in the indian electricity act, the air corporation act, 1953, the imperial bank of india act, 1920 (sections 3, 4, 6 and 7), the state bank of india act, 1955 [section 6(1)(g)], the state bank subsidiaries banks act, 1959 [section 10(1)], the backing regulation act. 1949 [section 36ae(1)] and there have been legislative provisions for acquisition of some of these undertakings.185. under section 5 of the act of 1969 the undertaking of each existing ..... bank shall be deemed to include all assets, rights, powers .....

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